Capital One Financial (NYSE:COF) Posts Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Capital One Financial Corp. (NYSE:COF) released its earnings results on Tuesday. The financial services provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.14, RTT News reports. The firm had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.32 billion. Capital One Financial had a return on equity of 10.40% and a net margin of 16.84%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.87 earnings per share.

Capital One Financial stock opened at $102.19 on Wednesday. Capital One Financial Corp. has a 52 week low of $76.82 and a 52 week high of $105.70. The company’s 50 day moving average price is $102.57 and its two-hundred day moving average price is $94.26. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.85. The stock has a market cap of $48.50 billion, a P/E ratio of 9.07, a P/E/G ratio of 1.11 and a beta of 1.29.

In other news, insider Yajnik Sanjiv sold 57,616 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $105.00, for a total transaction of $6,049,680.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Timothy P. Golden sold 2,216 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $94.50, for a total transaction of $209,412.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 281,026 shares of company stock worth $28,179,260. Insiders own 1.43% of the company’s stock.

COF has been the subject of a number of recent research reports. UBS Group downgraded Capital One Financial from a “buy” rating to a “neutral” rating and set a $108.00 price objective for the company. in a report on Tuesday, January 7th. Credit Suisse Group set a $116.00 price target on Capital One Financial and gave the stock a “buy” rating in a report on Friday, October 25th. Citigroup increased their price objective on shares of Capital One Financial from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Zacks Investment Research cut shares of Capital One Financial from a “buy” rating to a “hold” rating and set a $101.00 price objective on the stock. in a research report on Wednesday, October 30th. Finally, Morgan Stanley reaffirmed a “hold” rating and issued a $104.00 price target on shares of Capital One Financial in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $111.69.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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Earnings History for Capital One Financial (NYSE:COF)

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